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Jeffrey Wolfer of Kennedy Funding Wins Coveted Award President & Co-CEO Named 2006 Forty Under 40 Winner

Hackensack, NJ, September 01, 2006 — Jeffrey Wolfer, President and
Co-CEO of Kennedy Funding in Hackensack, New Jersey, has been named one of NJBIZ magazine’s 2006 Forty Under 40 award winners. The Forty Under 40 awards program honors men and women who have been making headlines in their field and who share a commitment to business growth, professional excellence, and the community. NJBIZ spotlights forty of New Jersey’s outstanding business leaders under the age of 40 who have taken on decision-making roles at an earlier-than-usual stage in their lives. Winners will be honored on November 6th during an awards reception at the Sheraton at Woodbridge Place in Iselin, NJ, and featured in a special supplement to NJBIZ on November 13th. Forty Under 40 is produced by NJBIZ, New Jersey’s premiere business news publication, and sponsored by Wiss Certified Public Accountants.

“We are truly honored to have the opportunity to recognize these outstanding individuals,” said David A. Shankweiler, CEO of Journal Publications, parent company of NJBIZ. “As business and community leaders, they are constantly redefining success within the business arena. These individuals share a commitment to business growth, professional excellence and to the community.

They are shaping the economic future of New Jersey. On behalf of NJBIZ, we would like to thank and congratulate the Forty Under 40 class of 2006.” Jeffrey Wolfer has been President and Co-CEO of Kennedy Funding since 2000. Kennedy Funding fills the need in the marketplace for creative financing that overcomes the enormous obstacles presented by conventional loan requirements. Under Wolfer’s leadership, Kennedy Funding evolved into a vastly more successful and tactically innovative organization. Starting with a definite vision, Wolfer built a core team of professional loan executives, legal counsel, and support personnel, and implemented a strategic plan which resulted in the acceleration of sales and expansion throughout the world -- including into Latin and South America, Canada, Europe, and Asia.

Because of Wolfer’s foresight, tenacity, experience, and talent, Kennedy Funding became the pre-eminent direct private lender in the industry. Then he turned in a completely new direction: Instead of merely providing distressed loans, he metamorphosed the company into a situational lender, opening up entire new vistas of opportunity for Kennedy Funding. It is this situational status, combined with Kennedy’s appetite for raw land loans (using only raw land as collateral) that today differentiates the company from the majority of its competition. The company now thrives on land development and land acquisition loans, and leverages them to cement relationships between themselves, brokers, and the banking industry. In just three short years, Jeff has taken Kennedy Funding from $40 million in closed situational loans annually, to this year’s anticipated figure of $300 million.

Kennedy Funding is a commercial real estate lending company that specializes in unconventional financing where speed and attention to special circumstances are critical. Their unique lending program has made Kennedy Funding one of the largest direct, private lenders in the country. Kennedy Funding recognizes the importance of speed and that loans must often be structured around each client's unique set of financial circumstances. Their program has been providing lightning-fast service and creative funding solutions throughout North America since 1987, and internationally since 1996.



Kennedy Funding Expands International Presence With Virgin Island Loan Wintdots of St. Thomas Using $6.5 Million to Develop 'Green' Community
Kennedy Funding Closes Four Loans in One Day
Almost $40 Million in Domestic and Offshore Aid for Land Development and Restructuring
$9.2 Million Loan from Kennedy Funding Gives Georgia Developer Just What He Needs to Stay in the Black and Stay on Track
Kennedy Funding’s $15 Million Loan Deals Winning Hand to Developer’s Plans for Casino Complex in Biloxi, Mississippi
Kennedy Funding Closes $3.9 Million Loan So Delaware Family
Doesn’t Have to Sell the Farm
Kennedy Funding’s Timely Loan Lets Ohio Developer Start Building Perfect Community for Single-Family Residents
Kennedy Funding Buys Loan for $1.55 Million & Buys Borrower Two Years
Superstar John McEnroe to Highlight The Kennedy Funding Invitational
Tennis Tournament, July 9–13, 2008
Sponsorship Proceeds Will Benefit The Leslie Simon Breast Care Center at Englewood Hospital, and Nyack Hospital
Kennedy Funding Loans Hawaiian Developer $7 Million for Big Project on Big Island
$47.1425 Million Loan From Kennedy Funding Helps Idyllic Community Take Off in Eagle County, Colorado
$15.1 Million Loan from Kennedy Funding Provides the Right Prescription for Pennsylvania Mental Health Care Center
$29.3 Million Loan from Kennedy Funding Helps Florida Developer Make a Big Splash with Luxury Residential Community and Water Park Complex
Fast $28.8 Million Loan from Kennedy Funding Helps Developer Build Resort for All Seasons in Utah Mountains
$4.55 Million from Kennedy Funding is Second Loan in a Month to MOA
Loan Helps Developer Build ‘Buffalo Bill’ Hotel near Yellowstone
$47 Million Loan From Kennedy Funding Helps Florida Developer Shift His Town Center Project Into High Gear
$23.2 Million Loan from Kennedy Funding Helps Developer Sink a Birdie on His Residential Golf Community
$55 Million Loan From Kennedy Funding Means Smooth Sailing for Georgia Developer
As Traditional Lenders Shy Away from the Residential Market, Kennedy Shares Borrowers' Vision & Steps in to Fill the Void
$24.9 Million Loan From Kennedy Funding Brings Some Magic to Florida Residential Resort Project Near Walt Disney World
With a Total of $70 Million in Loans, Kennedy Funding's Magic is Helping Build Florida Developer's Kingdom
$13.5 Million Loan from Kennedy Funding Closes in Just Two Weeks & Saves the Day After Other Lender Drops the Ball
$6.66 Million Raw Land Loan from Kennedy Funding Closes in Only
10 Days

Loan Helps Texas Developer Purchase Another Property Just in Time
$12.3 Million Loan From Kennedy Funding Helps Philadelphia Developer Acquire 71-Acre Tract Along the Delaware River
Up Against the Odds and the Clock, Kennedy Funding Closes $7 Million Loan for HHH Nevada's Las Vegas Project in Just Over a Week
$15.5 Million Loan From Kennedy Funding Helps Developer Bring an International Flavor to Chamblee, Georgia
Hurricanes destroyed 119 homes...a $23.3 million loan from Kennedy Funding brightens the future for the new owners of West Palm Beach tower.
Kennedy Funding Gains $200 Million Securitization from Fortis Bank
'Superpower' Lending Capacity Now Extends into the Billions
$20 Million Loan from Kennedy Funding Helps Developer Acquire Prime Piece of Downtown Philadelphia
Ambitious, Long-Term Plan Calls for 10,000,000 Sq. Ft. Development on Site Bigger Than the World Trade Center
$14.5 Million Loan From Kennedy Funding Helps Save Developer's Plans for 50 Acres on Hawaii's Big Island
Kennedy's First Deal in the Western Pacific a Testament to Skill & Determination
Kennedy Funding's $3.72 Million Loan Helps Atlanta Area Mixed-Use Project Get Underway
The Lofts on Antique Row Loan Closes in Only Two Weeks
Kennedy Funding Nears $200 Million in Loans for Fiscal Year 2006
Kennedy Funding Loan to Louisiana Developer Speeds Renovation of Hotel
$2.13 Million Loan from Kennedy Funding Helps Hotel & Restaurant Owner Refinance and Consolidate
Kennedy Funding Introduces Useful New Tools for Commercial Mortgage Brokers & Hard Money Borrowers
Jeffrey Wolfer of Kennedy Funding Wins Coveted Award President &
Co-CEO Named 2006 Forty Under 40 Winner
Kennedy Funding Loans $2.1 Million to Florida Developer for Purchase of Championship Golf Course & Country Club in Florida
Kennedy Funding’s $4.2 Million Loan Helps Illinois Developer Refinance 64-Acre Parcel
Lender’s 2nd Loan to Ocean Atlantic/PFG-Westbury, LLC Keeps Development Plans On-Track
$1.845 Million Loan from Kennedy Funding Helps California Developer
Bring a Little Bit of Beverly Hills to Lexington, Tennessee
Paul Goldstein & Englewood Hospital Big Winners at The Kennedy Funding Invitational
$2.9 Million Loan from Kennedy Funding Helps Niagara Falls Investor Leap into the Hotel Business
$1.65 Million Loan from Kennedy Funding Helps Pennsylvania Developer Turn Timeshares into Condos
Timely Loan from Kennedy Funding Helps OneCap Partners Purchase 78 Acres in 'Next Las Vegas'
$12 Million Loan Closes in Less Than a Week
$7.8 Million Loan from Kennedy Funding Helps Partners Own a 403-Acre Piece of Maryland
Raw Land Loan Closes in Just Two Week
The Kennedy Funding Invitational to Benefit Breast Care Center at Englewood Hospital
Will Feature Top-Ranked Tennis Players From Around the World
$9 Million Loan from Kennedy Funding Helps Elias Brothers Keep
Florida Development Plans Alive
Kennedy Funding – 2 Loan Closings, 2 Countries, 1 Day.
$3.864 Million Loan from Kennedy Funding Helps Kings Highway Acquire Land and Buy Out Partners
$6.525 Million Loan from Kennedy Funding Helps a Los Angeles Condominium Conversion Get Under Way
$1.2 Million from Kennedy Funding Will Help Make West Hills Golf Course a Driving Force in New Brunswick, Canada
$9.78 Million Loan From Kennedy Funding Facilitates 571-Acre New York Resort Purchase
$12 Million loan from Kennedy Funding saves Mississippi Shores Of Paradise project in wake of Katrina
$50 Million Loan From Kennedy Funding to Saguaro Ranch Heats up
the Tucson Desert With a 1,035 Acre/180-Lot Luxury Residential and Intimate Resort Development
JEFFREY WOLFER AIDS KATRINA RECOVERY EFFORT
$6.8 Million Loan From Kennedy Funding Puts the Beat in Houston Nightclub
Kennedy Funding Sets 'Land Speed' Record — Closes $3.25m Vegas Acquisition Loan in 48 Hours
$40 million loan from Kennedy Funding facilitates 214-acre Florida land purchase
8 properties in 5 states change hands in one transaction thanks to $6 million loan from Kennedy Funding
Kennedy Funding Loans $6.5 Million for One of the Last Land Parcels On the Outer Banks
$12 Million Loan From Kennedy Funding Buys Prime Land on the Navesink River
$4 Million From Kennedy Funding Buys Hotel And Additional Land Near Walt Disney World
$5.5 Million Acquisition Loan from Kennedy Funding Puts Michigan Condos Back on Track
Kennedy Funding Loans $10 Million for Park Avenue Duplex Condominium
$2.5 Million Loan From Kennedy Funding Takes Detroit Hospital Off Life Support
Kennedy Funding Lends $2.7 Million to Aquaplex Project in Wisconsin
Kennedy Funding Rescues Blue Ridge Mountains' Developer
Kennedy Funding Introduces New Low Rate Loan Program
Non-Profit Philadelphia Hospital Gets Life-Saving Loan of $5.325 Million From Kennedy Funding
$2.5 Million Loan From Kennedy Funding Fuels Purchase of Florida Sunoco Station
$3.5 Million loan from Kennedy Funding delivered in record time to development company in Florida
Kennedy Funding's $2.6 million loan rescues bankrupts company in Camden, New Jersey
New Resort to Rise on Sandy Beach in Puerto Rico, Thanks to Loan From Private Lender Kennedy Funding
$4 Million Loan From Kennedy Funding Helps Developer Bring Gaming Enterprise to Mexico City
Country Club with Golf Course Coming to Maine with Help of $3.4 Million Loan From Kennedy Funding
Home improvement company spruces up with $3.5 million loan from Kennedy Funding
Highrollers meet steamrollers as Kennedy Funding loans $18.5 million for major development on Las Vegas strip
Kennedy Funding Loans $3.9 Million to Developers for St. Croix, Virgin Islands Resort
Kennedy Funding borrower returns for second loan to build condos on island of Cozumel, Mexico
Kennedy Funding's $3.4 million loan will help provide affordable housing in Mexico
Kennedy Funding's $5.2 million loan paid back by borrower in record time
Kennedy Funding loans $6.6 million to developer of Florida beachfront condos
Kennedy Funding Lends $2.3 Million to Mexican Developers
Kennedy Funding Receives $14.5 Million Payback On Defaulted Loan from Penthouse Founder Guccione
Kennedy Funding Lends $18 Million to Developers of Next 'Sun Valley'
Kennedy Funding issues $5.3 million loan to Travis Boats & Motors (NASDAQ: TRVS)
Kennedy Funding bails out South Florida Developer with quick $3 million second mortgage bridge loan
Kennedy Funding lends $1.8 million to Port Saint Lucie, Florida Developer
Kennedy Funding Expands Media Expertise With Loan To Hispanic
Radio Station
Kennedy Funding Lends $6 Million To Leading Operator Of Charter Schools
Kennedy Funding Scores Hole-In-One with Multimillion Dollar Loan
to Golf Course Developer
Kennedy Funding’s Two Day Loan Rescues Building From Foreclosure
In Private Lending, Bigger is Better
Kennedy Funding Loan of $2.2 Million Breaths ‘New Life’ Into Funeral Home
Quick $3.5 Million Loan by Kennedy Funding Funds Acquisition of Former Hospital
Michigan Hoteliers Do It Their Way with Multimillion Dollar Loan from Kennedy Funding
Guccione Gets $35 Million Reprieve
NJ Lender Bails Out Auto Dealer in Far-Off St. Maarten
Kennedy Funding Expands Lending Expertise with Loan to NYC TV Station
Kennedy Funding Plays Key Role in $66 Million Loan to Florida
Developer
Kennedy Loan Funds Conversion of Dormant Inn to a State of
the Art Ramada Plaza Hotel
Kennedy Funding Lends $16.5 Million to Developer of Arizona
Championship Golf Club
Private Lenders Emerge as Main Source of Capital as $30 Billion
in Commercial Loans Are at Risk
Hackensack Lender Provides $7.1 Million Loan for Major Land
Deal in Texas
Kiwi Gets $2.2 Million to Help Recovery
Kennedy Funding's $1.1 million loan rescues recycling pioneer from bankruptcy
Kennedy Funding takes to high seas with $5.1 million loan to international shipping line
Kennedy Funding lends assisted-living housing facility $500,000 to pay down $1.9 million Hud loan
Kennedy Funding's $7.6 Million Loan Helps MPTV, Inc. Launch Las Vegas Time Share Project
Kennedy Funding rescues bankrupt developer with creative financing


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